OpenAI has completed a deal to raise USD 122bln from investors at an USD 852bln valuation, Bloomberg reports

OpenAI's successful capital raise of USD 122 billion at a valuation of USD 852 billion indicates strong investor confidence and positions the company for significant growth. This mega-deal could lead to heightened interest in the tech sector, particularly among AI-related companies and their investors, potentially impacting equities and equity valuations across the board. Expect possible ripple effects in both software stocks and broader risk sentiment as the market digests this major move.